Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8951 Monte Vista Ave Montclair, CA 91763

    View on Map
    Sponsored
    For Sale
    $10,500,000

    Apartment - Montclair, CA

    Type:Apartment
    Property size:
    28,258 SF
    Lot size:
    28,280.00 Acres
    Days on Market:
    75
    Last Refresh:
    Mar 24 at 8:06 am

    Property Features for 8951 Monte Vista Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    6
    APN
    1008011240000
    Parking
    31
    Parking features
    Assigned, Covered, Garage
    Exterior features
    Community Features Included: Valley, Gutters, Curbs, Horse Trails, Golf, Biking, Dog Park, Hiking, Mountainous, Foothills, Street Lights, Sidewalks, Suburban, Park, 0-1 Unit/Acre
    Appliances
    Barbeque or Grill, Microwave, Oven - Gas, Range, Refrigerator
    Size
    28,258 SF
    Lot size
    28,280.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2021
    Floors in Building
    3
    Number of units
    23
    Architectural style
    Other

    We can help!

    Listing Contact
    Justino Faaola

    DPP

    Listing agent Justino Faaola License #02038198

    Listing date Jan 8, 2026

    MLS# CV26005212 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Luxury Apartments in Prime Location

    Vista Court Apartments, a 23-unit luxury apartment community, is situated in Montclair, California, at the corner of Arrow Highway and Monte Vista Avenue, near Montclair, Claremont, and Upland. The property is located one block from Montclair Metro Station and Montclair Place Shopping Center, providing access to retailers, shops, and dining options such as Target, Home Depot, and Costco. Downtown Claremont, Claremont Colleges, Victoria Gardens, Toyota Arena, and employers in Ontario are a short drive away. The apartments feature gourmet kitchens with stainless steel appliances, undermount sinks, quartz counters, wood plank flooring, modern bathrooms, in-unit washer and dryer, central AC, double-pane energy-efficient windows, recessed lighting, and a patio or balcony. Community amenities include covered and assigned secured parking, a 700 square-foot community room with a kitchen, bathroom, and entertainment area, an outdoor BBQ and picnic area, and open green space. The property includes 12 one-bedroom, one-bathroom units, two two-bedroom, two-bathroom units, and nine two-bedroom, 2.5-bathroom townhouse-style apartments. The rentable building space is 28,258 square feet on a 28,280 square-foot site. The property generates nearly $682,000 in annual rental income, with additional revenue from on-site parking, storage, and the community room. An opportunity exists to preserve the investment’s NOI through RUBS and aggressive management processes. The existing loan from Umpqua Bank is assumable at a 4.04% fixed interest rate for four years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vista Court Apartments Apartment Complex

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    San Bernardino
    State
    California
    Longitude
    -117.6978673
    Latitude
    34.0914522

    Nearby Similar for Sale

    • $598,800
      1,469 SF

      Montclair Medical Office Condo

      Medical office condo in Montclair, CA, near medical facilities.
      4950 San Bernardino St, Montclair, CA 91763
      View Details
    • $5,269,485
      15,352 SF

      Montclair Retail Center For Sale

      Fully leased retail center in Montclair with long-term tenants.
      4651 Holt Blvd, Montclair, CA 91763
      View Details
    • $549,000
      1,000 SF

      Medical Office Condo Near Hospital

      Medical office condo for sale near Montclair Hospital.
      4950 San Bernardino St, Montclair, CA 91763
      View Details
    • $87,888

      Established Barbershop Business Opportunity

      Profitable barbershop in Montclair with high income potential.
      5200 Holt Blvd, Montclair, CA 91763
      View Details
    • New
      $1,100,000
      1,459 SF

      Turnkey Home with ADU, Studio

      Montclair home with ADU, studio, and income potential.
      4175 Rudisill St, Montclair, CA 91763
      View Details
    • $549,000

      Medical Office Condo Near Hospital

      Ground floor medical office condo adjacent to Montclair Hospital.
      4950 San Bernardino St, Montclair, CA 91763
      View Details
    • $9,900,000
      36,352 SF

      Montclair Warehouse with Showroom

      Warehouse with showroom, office space, parking, and secured yard.
      5407 Holt Blvd, Montclair, CA 91763
      View Details
    • $2,700,000

      Montclair Drive-Thru Restaurant Investment

      Prime drive-thru restaurant in Montclair's retail district.
      8790 Central Ave, Montclair, CA 91763
      View Details
    • $9,900,000

      Montclair Warehouse with Showroom Space

      Warehouse with showroom, office, parking, and secured yard.
      5407 Holt Blvd, Montclair, CA 91763
      View Details
    • $300,000

      Restaurant Opportunity in Montclair

      Restaurant for sale in Montclair, California.
      2098 E Montclair Plaza Ln, Montclair, CA 91763
      View Details
    • Contact for pricing

      Versatile Commercial Units For Sale

      Affordable commercial units suitable for various businesses with ample parking.
      4439 Mission Blvd, Montclair, CA 91763
      View Details
    • Contact for pricing

      Montclair Office Space Available

      Office property with 3,443 square feet of space for sale.
      10680 Silicon Ave, Montclair, CA 91763
      View Details

    FAQs

    What type of property is this?
    Apartment building - 23-unit luxury apartment community in Montclair, CA.
    Where is this apartment building located?
    The property is located at 8951 Monte Vista Ave Montclair, CA.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: - Prime location: Walking distance to Montclair Metro Station and Montclair Place Shopping Center, near Claremont and Upland, offering access to numerous retailers, dining, and entertainment options.; - Modern luxury apartments: Gourmet kitchens with stainless steel appliances and quartz counters, wood plank flooring, in-unit washer/dryer, central AC, and private balcony/patio.; - **Strong income potential: Generates nearly $682,000 in annual rental income** with additional revenue streams from parking, storage, and community room.
    (626) 315-7603
    Request Owner's contact information
    8951 Monte Vista Ave Montclair, CA 91763
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8951 Monte Vista Ave
    Montclair, CA 91763
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8951 Monte Vista Ave Montclair, CA 91763
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Justino Faaola
    Real Estate License ID: 02038198
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!